Capital Markets

NEW YORK CITY-Mayor Rudolph W. Giuliani presented his Financial Plan for Fiscal Years 2001-2005 yesterday (Jan. 25), calling for the largest capital plan for cultural institutions and libraries on record.

NEW YORK CITY-C&W expects that other transactions in the works will prove just as successful and boost the health of the Mexican banking system.

GREENWICH, CT-Urstadt Biddle Properties Inc., a retail REIT, reported a slight increase in funds from operations for fiscal year 2000 and a drop in net income due mainly to bankruptcy filings by some of its tenants.

ORLANDO-The official Orange County real estate records show the three retailers purchased individual tracts at the planned 1.3-million sf Mall of Millenia in southwest Orlando. But in reality, Forbes Taubman Orlando LLC Millenia, the mall's developer, bought 83 acres from the mixed-use venture's master developer, Orlando Southwest Partners, for about $19 million or $228,915 per acre ($5.26 per sf), then deeded back two 13-acre parcels and an estimated nine-acre parcel to the retailers.

SAN DIEGO-The inancially ailing REIT took both legal and financial hits during a disastrous third quarter. After a running battle with dissident investors over the value of the firm, the board decided to liquidate the company.

KANSAS CITY, MO-Midland Loan Services merges with Univest Financial Group. Midland has a loan servicing portfolio of about $50 billion; Univest is the first company to offer a Web-enabled solution for commercial loan servicing.